Nethouseprices Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05433243 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

NETHOUSEPRICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

7

Independent Chartered Accountants' Review Report

8

DIRECTORS:

Mr J Brassington

Mr R Clark

Mr G S Lamond

Mrs C V Lamond

SECRETARY:

Mrs C V Lamond

REGISTERED OFFICE:

107 Reaver House

12 East Street

Epsom

Surrey

KT17 1HX

REGISTERED NUMBER:

05433243 (England and Wales)

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

First Floor

32-34 High Street

Ringwood

Hampshire

BH24 1AG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

110,816

73,038

110,816

73,038

CURRENT ASSETS

Debtors

81,984

65,461

Cash at bank

224,777

47,821

306,761

113,282

CREDITORS

Amounts falling due within one year

108,550

88,624

NET CURRENT ASSETS

198,211

24,658

TOTAL ASSETS LESS CURRENT LIABILITIES

309,027

97,696

CAPITAL AND RESERVES

Called up share capital

999

999

Share premium

7

277,692

277,692

Retained earnings

7

30,336

(180,995

)

SHAREHOLDERS' FUNDS

309,027

97,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 June 2017 and were signed on its behalf by:

Mrs C V Lamond - Director

1.	STATUTORY INFORMATION

Nethouseprices Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for internet services charged to customers net of VAT.

Intangible assets

Amortisation is provided on intangible fixed assets to write off the cost over the expected useful economic life as

follows:

Website domain names - Straight line over 5 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website development

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development

expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and

financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the

period during which the company is expected to benefit which in this case is 5 years.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

218,691

AMORTISATION

At 1 May 2016

and 30 April 2017

218,691

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

320,788

Additions

70,966

At 30 April 2017

391,754

DEPRECIATION

At 1 May 2016

247,750

Charge for year

33,188

At 30 April 2017

280,938

NET BOOK VALUE

At 30 April 2017

110,816

At 30 April 2016

73,038

6.	DEFERRED TAX

£

Balance at 1 May 2016

(4,204

)

Provided during year

(544

)

Balance at 30 April 2017

(4,748

)

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 May 2016

(180,995

)

277,692

96,697

Profit for the year

211,331

211,331

At 30 April 2017

30,336

277,692

308,028

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and

30 April 2016:

2017

2016

£

£

Mr J Brassington and Mr R Clark

Balance outstanding at start of year

-

(53,333

)

Amounts advanced

17,000

53,333

Amounts repaid

(17,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	FIRST YEAR ADOPTION

There are no changes as a result of the adoption of FRS 102.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-

prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2017 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

Mrs C V Lamond - Director

25 June 2017

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Nethouseprices Limited for the year ended 30 April 2017, which comprise the Income Statement, Abridged Balance Sheet and the related notes 1 to 14. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for

the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review

in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review

historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on

historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have

performed additional procedures to those required under a compilation engagement. These primarily consist of making

enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the

evidence obtained. The procedures performed in a review are substantially less than those performed in an audit

conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an

audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 April 2017 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	in accordance with the requirements of the Companies Act 2006.

Casson Beckman

Chartered Accountants

First Floor

32-34 High Street

Ringwood

Hampshire

BH24 1AG

25 June 2017